Banking

A new report from the Federal Reserve on debit card swipe fees suggests that the 2011 law that capped fees large banks could charge is not crimping revenues at smaller institutions, echoing earlier findings by the Federal Trade Commission.

Target Corp., Macy's Inc. (M) and other companies sued Visa Inc. (V) and MasterCard Inc. (MA) over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.

Visa's hiring of former JPMorgan Chase executive Ryan McInerney comes six months after Visa named an ex-Chase executive as its CEO and three months after the bank and card network revealed plans to team up on a new payments platform.

Target Corp., Macy’s Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.

Visa's hiring of former JPMorgan Chase executive Ryan McInerney to be its new president maintains the card network's bond with the top-tier bank.

Online lenders threaten to seize dominant control of the market for small loans to small business.

Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.

The social services charity is thanking Eugene McQuade, the head of Citigroup's main banking unit, for the support he and his company have provided it.

Henry Holt & Co. announced a deal with Elizabeth Warren for her account of founding the CFPB, her Massachusetts Senate race and advocacy for the middle class.

Plumas Bancorp in Quincy, Calif., has exited the Troubled Asset Relief Program by repurchasing a warrant from the Treasury Department.

With a litany of bipartisan reasons to oppose FATCA, ranging from privacy and sovereignty to U.S. economic competitiveness, it is startling that the legislation has advanced as far as it has.

AnywhereCommerce is introducing a card reader about the size of a Zippo lighter that plugs into the audio jacks of mobile devices to accept both magnetic-stripe and chip-and-signature EMV payment cards.

Chase Paymentech Europe, a merchant acquiring and processing subsidiary of JPMorgan Chase, has introduced a new service designed to lighten the security burden for European online merchants.

Old National Bancorp (ONB) in Evansville, Ind., plans to close approximately 10% of its branches in an effort to improve efficiency.

It's hard to believe but true: more than 700 banks maintained a pristine Camels 1 rating throughout the six-year period bracketing the financial crisis. New Fed research shows why.

The average bank is still on the fence about what — if any — personal finance management features they should add to their smartphone apps. All agree, however, that what works on websites needs to be modified for mobile apps.

The nation's biggest banks may be too big to fail but they enjoy little advantage when it comes to the cost of capital.

The death of branches appears to be greatly exaggerated, but they are changing. American Banker editors discuss how two banks that are leading the way, Wells Fargo and Umpqua, are downsizing and rejiggering their bricks and mortar presence.

Customers Bancorp sold $103.5 million of common stock in a public offering.

Toronto-Dominion Bank, the first Canadian lender to report second-quarter results, said profit rose 1.8% on record earnings from U.S. consumer lending.